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2022-12-31-accounts

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

CHARITY COMMISSION REGISTERED NUMBER 1127851

CONTENTS: PAGE NO:
TRUSTEES REPORT 1 - 6
INDEPENDENT EXAMINERS REPORT 7
STATEMENT OF FINANCIAL ACTIVITIES 8 - 9
BALANCE SHEET 10
ACCOUNTING POLICIES 11 - 13
INCOME AND EXPENDITURE ACCOUNT - WONERSH GENERAL FUND 14
NOTES TO THE ACCOUNTS 15 - 23

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Administrative information

The Parochial Church Council 'PCC' is a body established by theChurch ofEngland, by Act ofParliament. ThePCC operates under the Parochial Church Council Powers Measure (1956, as amended) and Church Representation Rules. The Parish of Wonersh with Blackheath has two churches, St John the Baptist Wonersh & St Martin's Blackheath. It is part of theDiocese ofGuildford, within the Church of England. The correspondenceaddress is St John the Baptist Church, The Street, Wonersh, Surrey, GU5 0PG.

The PCC is registered with the Charity Commission under number 1127851.

Officers of the PCC and Trustees of the Charity who have served from 1 January 2022 until the date the report was approved are:

Vicar: David Peters
Church wardens: Alex Vinall
Martin Keech
Patricia Allen
Ex-officio Clergy: Kia Pakenham until April 2022
Deanery Synod Reps: Nansi Parker
Patricia Allen
Anne Heine-Carmichael
Elected Members of the PCC and Trustees of the Charity
serving from APCM		 April 22 - April 23
PCC Secretary: Clive Couzens
Head of Finance: Nicholas Gray
Joint treasurer with Sarah Jo Gray, who is not a
Treasurer: Nicholas Gray PCC member
Members: Guy Pakenham until April 2022
Steve Vinall
Abby Cowey until April 2022
Mark Puttick
Jean Matthews until April 2022
Malcolm Pickering until April 2022
Darren Alford
Emma Greenwood
Liz Hayley
Liz Lister from April 2022
DCC Blackheath
Vicar: David Peters
Secretary: Christine Sweeting
Treasurer and Member: David Allen
Members: Patricia Allen
Andrew Quaintance
Carmina Harlow
Amelia Taylor Until September 2022
Lady Kirkwood
Sue Wallis
Linda Williams

Page 1

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2022

Bank details:

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Independent examiners:

Camabelu Limited Fetcham Park House, Fetcham Park Lower Road Fetcham Surrey KT22 9HD

Aim and purposes:

Wonersh with Blackheath PCC has the responsibility for co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church; evangelistic, pastoral, social and ecumenical. It also has specific responsibility for the maintenance and booking of Lawnsmead Church Hall in Wonersh. Benefits to the public arising from carrying out thePCC's objectives areexplained within the annual report. ThePCC has complied with its duty to have due regard to the guidance on public benefit, published by the Charity Commission, in exercising its powers or duties.

Objectives and activities:

ThePCC is committed to enabling as many peopleas possibleto worship at our churches and to becomepart ofour parish community at Wonersh with Blackheath. ThePCC maintains an overview of worship throughout theparish and makes suggestions on how our services can involve the many groups that live within our parish. It strives to optimise attendance numbers by fine tuning the types, timings and frequency ofservices to make themost ofour facilities. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

Income from Lawnsmead Hall rentals has historically been approximately 4% of Wonersh's total incoming resources. This is still well below the long term average prior to Covid but shows a 39% increase over last year. Lawnsmead is well used as both a church and community resource, and is availableto all. Further information on activities undertaken is given below in the 'review of the year' section.

Annually, 10% of all Wonersh giving General Fund income, excluding legacies, will be allocated to the Mission Committee for outward giving, and the detail of the beneficiaries for 2022 is given in the accounts.

Achievements and performance:

The PCC continues to manage the operation of buildings and resources in the Parish. Health & Safety documents have been prepared for all buildings and a risk assessment undertaken. Fire Extinguishers have been updated and the oven at Lawnsmead replaced following an oven fire. The opportunity was taken to update all fire and gas systems in Lawnsmead at the same time. Branding of all buildings has been refreshed and they now form an attractive and cohesive whole.

Page 2

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance: continued

Policies have been updated and a good start made on the Parish Dashboard. The new Parish Administrator has updated the Google Drive and has also started moving systems over to iKnow Church, for ease of use and integration with theLifeEvents Diary. It will also be used for events and ticketing in duecourse. Church Edit areto be engaged to upgrade the website in due course.

The AV system within the church has been replaced and software also upgraded. Along with the previous improvements to lighting and vestry space, thechurch now presents well and is morefunctional and fit for thenext decadeat least. Thechurchyard development has also continued with additional beds planted and trees to therear ‘reflective space’. Surveys of the wall and trees have been carried out and both are in need of attention. Responsibility for the church wall is under discussion between the Diocese and Parish Council, while theDiocese has agreed to undertake removal of the Birch trees within the Vicarage garden.

Use of the Vicarage has increased significantly and during the year it has seen consistent use for the Ukrainian refugees, as a designated warm space, as theParish office, for courses such as Parenting and LLF, for events such as the garden BBQ, outdoor receptions and inside, the Passover meal and numerous dinners, lunches and brunches.

Further information is given within the various reports.

Financial review:

Net Assets haveincreased by £80,000 to £1,178,000 during the year mainly dueto a legacy ofof £42,000 towards the Youth Fund and new fund raising for the Audio Visual Project that contributed £51,000. Adecision was also taken to set aside £14,000 for the fabric maintance provision. A new Unrestricted Designated Audio Visual Fund (see Note 8) was set up separate from the General Fund to enable the AV capital costs to be depreciated between 2023 to 2027 without burdening the General Fund. Excluding the AV Fund raising project, overall giving was down 3% year on year, while overall costs increased by 6% in the Wonersh General Fund. This resulted in the General Fund showing a deficit of£19,000 (2021 £6,000). 65% ofgeneral giving takes placevia PGS and this will be encouraged to be increased going forward to manage the calendar year deficit positions.

Reserves policy:

A historic policy of retaining a fixed amount in reserve was deemed to be unsuitable, and a regular review of reserves was instigated in 2018. The 2022 reserves statement is shown below:

Wonersh Church Reserves Policy:

TheReserves Policy has been updated for 2022 to reflect theaddition oftheAudio Visual Fund as part of theSpecial Project Fund. It is the policy of this Church to hold reserves in four separately defined and distinct funds.

General Prudence Fund

The Church will hold reserves equivalent to four months general running costs and an additional three month’s salary costs. This fund will be known as the General Prudence Fund and as at December 2022, this value is equivalent to approximately £75,000.

Page 3

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2022

Wonersh Church Reserves Policy: continued

Fabric Maintenance Fund

It is also our policy to hold an amount for likely forthcoming building works that involve replacements or maintenance. This fund will be known as the Fabric Maintenance Fund and as at December 2022 contains a sum equivalent to £17,000 (2021 - £3,000). After a year of modest expenditure an opportunity has been taken to increase general provisions by £9,000 for theChurch, £4,000 for Lawnsmead, and £500 each for the Vicarageand Springfield.

Special Project Fund

We will also hold an amount for special projects. This fund will be known as the Special Project Fund and as at December 2022 contains a sum equivalent to £101,000. This includes the addition of the new Audio Visual Unrestricted Designated Fund as a result ofQ4 2022 fund raising. It was agreed that 10% of this fund raising would be applied for local giving. The new AV system was installed in Q1 2023 and cost £43,600 (SeeNote 8). It will be depreciated over the next 4 years in accordance with our accounting policy. No further decisions or allocations have been made, however, it is worth noting that this fund could be used to supplement the General Prudence Fund at any time should the PCC deem this necessary. The Outward Giving Fund representing unallocated giving amounts is also a non-designated Fund.

Specific Purpose Fund

Wealso hold funds that aregifted to theChurch for specific purposes or havebeen designated for specific purposes by the PCC. This fund will be known as the Specific Purpose Fund and as at December 2022 contains a sum equivalent to £985,000. The sum is made up as follows; £441,000 in restricted legacies / funds and £544,000 designated fund invested in “Springfield”.

These projects reconcile to the funds shown in the Statement of Funds on page 10 of the accounts as follows:

**2022 ** Total General
Prudence
Fund		 Fabric
Maintenance
Fund		 Special
Project Fund		 Specific
Purpose
Fund
£ £ £ £ £
Restricted funds 440,926 440,926
Non-designated funds:
General 94,640 44,597 50,043
Outward Giving 125 125
Unrestricted & Designated Funds:
Marie Peters Legacy 543,740 543,740
RosemaryWedgwood Legacy 30,403 30,403
Audio Visual 50,938 50,938
Fabric Maintenance 17,000 17,000
TOTAL 1,177,772 75,000 17,000 101,106 984,666
2021 1,097,059 75,000 3,000 68,648 950,411

It is proposed that, should there be a surplus over and abovethe funds described, thePCC should meet to decide how it can best be used to further the work of the church and to benefit the public.

10% of annual income, excluding legacies and donations for specific projects, will be allocated to the Mission Committee for outward giving. In light of the UK economic challenges the PCC agreed that 10% of the AV Fund would also be allocated for outward giving.

Page 4

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2022

Wonersh Church Reserves Policy: continued

The Church Reserves Policy will be reviewed every three years. The financial allocations outlined above will be reviewed and included in the accounts annually.

Plans for future periods:

Wecontinueto bein a period ofrebuilding following the Pandemic and likemost churches in theneighbourhood, this has centred around families, whilealso continuing to serveour ‘on-line’ community. Thenature and structure of'Church'has changed and congregational habits haveshifted. Our focus for theyear ahead is to continue to build community, both within the church family and within the wider village context. We aim to do this by several means:

• Our services will need to develop the child friendly approach with separate offerings for them, and in both churches in the parish, be more welcoming, inclusive and hospitable.

•Our teaching will continueto explain thefundamentals ofcounter cultural Christian living and theneed to share our faith with our neighbour

• We will introduce new events to focus upon the key areas ofactivity, young families (and their children), seniors and the Sunday congregations. This will includeMBB (Mums, Bumps and Babies for families) and Memory lanefor those living with dementia/Alzheimer’s.

• We will also focus more carefully on thelife ofprayer within the church and at specialist courses, such as Alpha, Marriage Course and Parenting.

Structure, Governance and Management:

Thestructure and governance ofthe PCC has been reviewed in previous years and to this structurehas been added confirmation of the role and election of Church Wardens. The method of appointment of PCC members is set out in theChurch Representation Rules (CRR) and in 2018 theAPCMapproved that the PCC should besmaller than would otherwise be required by the CRR, in view of a shortage of candidates. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The Electoral Roll application and confirmation process is underway and a new Electoral Roll Officer is in place. Members of the PCC are inducted into their role and responsibilities using literature prepared by the Diocesan Department for Mission, Evangelism and Parish Development. Day to day management is delegated by the PCC to theVicar and Church Wardens. There havebeen various staffchanges during theyear and all new members haveundertaken theappropriate training and checks as required by the Diocese.

ThePCC met six times during 2022. In addition to thePCC, thereare sub-committees such as Finance and Mission whosefocus can bemore defined than that in a PCC meeting. These committees meet as regularly as they can, and as required. The Finance Committee did not meet in 2022 but meetings are planned for 2023. The Building Committee awaits a new 'lead' and the Mission Committee is to be reformed shortly with a revised remit.

Review of the year:

Reporting on a full year in the life of a church is difficult, there is so much to consider, so many people who are involved and deserveto bethanked, and looking forward, so much that wewould wish to achieve. Let metherefore concentrate on where the focus of the church has been and the people that have worked at making it happen.

The Christian life is relationship, firstly with God and then each other. This has continued to beimpacted by the fallout from the Coronavirus pandemic which has affected church attendance, our need for and relationship with technology, and our aim to rebuild community. The two key words in our vocabulary have therefore been hospitality and community. In order to achieve this focus we have tried to build teams, host community events, provide access both physically and online, and to discern where God is leading us, through our services.

Page 5

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL TRUSTEES' REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2022

Review of the year: continued

The staffteam has been blessed with theemployment ofJan Durrant as theParish Administrator who has updated many of our processes and is currently in the process of redesigning our officesystem and we will then updatethe website. We are also grateful to Nick Gray for steering our finances so ably during the year.

Our children’s ministry has long been a core activity and after a bumpy period, was wonderfully stabilised by CharlotteVinall, and is now being developed by thenew Children’s Leader, ClareHepworth. It has been remarkable to see the timing and provision of God and our children are now excited to be part of both Chatterbox on Thursdays, and the weekly Sunday group.

Our mid-week provision for the retired is also strong with a range of individuals involved in serving a warm and vibrant community. This has been helped through regular ‘mini-breaks’ and the numerous events and occasions offering hospitality using the vicarage. The vicarage is increasingly coming to life with meals, concerts, meetings, courses, garden parties and administration throughout the week. Thanks to Liz Hayley for making this possible.

St Martin’s Church at Blackheath has enjoyed relatively steady attendance although with reduced numbers of occasional offices which places some stress on finances. The congregation has been consistent, the hard work of Patricia and David Allen ongoing and there is a feeling of opportunity in the village. The Coffee Morning made a welcome return and different events are planned for the year ahead. The church now has broadband which has been used on numerous occasions to stream services and record others for later broadcast. More will made ofthis facility in the days ahead.

There are opportunities to grow each ofthese aspects of our church lifeand weare working to involveindividuals to take these aims forward, and to be responsible for future growth.

Wonersh and Shamley Green School:

We maintain strong links with our church school both through assemblies and Open the Book, and also through the Governing Body and other sub-committees, where the Vicar is a member. The Churchwardens also represent the PCC with the Wonersh and Shamley Green Church of England School and School Meadow Charity and the Wonersh Church Green Trust. The Vicar is a member of Wonersh United Charity.

Financial statements:

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' 'true and fair view' provisions, together with FRS102 (2019) as theapplicable accounting standards and the 2019 version ofthe Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)).

signed by REVD. DAVID PETERS CHAIRMAN

19 April 2023

Page 6

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE PCC OF WONERSH WITH BLACKHEATH FOR THE YEAR ENDED 31 DECEMBER 2022

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 8 to 23.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect ofmy examination of thecharity's accounts carried out under section 145 ofthe Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 oftheAct. I confirm that I am qualified to undertaketheexamination becauseI am a member of the ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

C N Barnard FCA ICAEW Camabelu Limited Fetcham Park House, Fetcham Park Lower Road, Fetcham Surrey KT22 9HD

Date: 19 April 2023

Page 7

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Cemetery Improvements
NET MOVEMENTS IN FUNDS
Balance at 1 January
Balance at 31 December
NET (EXPENDITURE)/INCOME
Church running expenses
Church management and administration
Church Hall running and refurbishment costs
TOTAL EXPENDITURE
Net (loss)/gains on investments
INCOMING RESOURCES
Clergy and staff costs
TOTAL INCOME
RESOURCES USED
Church activities
Ministry
Parish share
Mission giving and Donations
Missionary Societies and other Overseas
Home Missions and other Church Societies
Secular - Charities and Other
Springfield rental income
Interest and Dividends Received
Lawnsmead & Selwyn Room lettings
PCC Fees
Magazine advertising and sundry income
Income from investments
Planned Giving - Donations eligible for Gift Aid
Gift Aid Recovered
Church activites
Voluntary income
Collections at Services and all other giving		 Note Restricted
Restricted Unrestricted
2022
2021
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
11,112
-
162,804
173,916
135,760
3,212
-
37,717
40,929
33,558
2,394
43,136
23,766
69,296
20,150
Note
16,718
43,136
224,287
284,141
189,468
4,436
4,436
3,141
188
1,958
2,146
5,890
5,365
5,365
2,334
188
-
11,759
11,947
11,365
15,000
15,000
14,600
777
170
2,040
2,987
661
777
170
17,040
17,987
15,261
17,683
43,306
253,086
314,075
216,094
Restricted
Restricted Unrestricted
2022
2021
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
445
50
11,051
11,546
10,951
210
44
5,650
5,904
3,590
1,090
6,250
7,340
4,436
8,285
98,746
107,031
107,819
2,547
26,353
28,900
31,710
7,328
2,507
27,214
37,049
78,827
1,168
20,571
21,739
24,509
10,793
10,793
12,027
448
448
4,500
11
12
13
2
16
21,073
3,049
206,628
230,750
278,369
(3,390)
40,257
46,458
83,325
(62,275)
(2,612)
-
-
(2,612)
42,763
(6,002)
40,257
46,458
80,713
(19,512)
39,626
367,051
690,382
1,097,059
1,116,571
33,624
407,308
736,840
1,177,772
1,097,059

All income and expenditure derive from continuing activities.

Page 8

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 (PRIOR YEAR COMPARATIVES)

Note
Note
11
12
13
Cemetery Improvements
2
16
Church Hall running and refurbishment costs
TOTAL EXPENDITURE
NET (EXPENDITURE)/INCOME
Balance at 1 January
Balance at 31 December
Net gains on investments
NET MOVEMENTS IN FUNDS
Mission giving and Donations
Missionary Societies and other Overseas
Home Missions and other Church Societies
Secular - Charities and Other
Ministry
Parish share
Clergy and staff costs
Church running expenses
Church management and administration
Income from investments
Spingfield rental income
Interest and dividends received
TOTAL INCOME
RESOURCES USED
Church activities
Voluntary income
Planned Giving - Donations eligible for Gift Aid
Gift Aid Recovered
Collections at Services and all other giving
Church activites
Lawnsmead & Selwyn Room lettings
PCC Fees
Magazine advertising and sundry income
INCOMING RESOURCES		 Restricted
Restricted Unrestricted
2021
2020
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
10,122
-
125,638
135,760
132,407
2,856
-
30,702
33,558
33,265
1,409
581
18,160
20,150
30,968
14,387
581
174,500
189,468
196,640
3,141
3,141
1,503
400
5,490
5,890
5,184
2,334
2,334
1,772
400
-
10,965
11,365
8,459
14,600
14,600
14,420
576
7
78
661
1,316
576
7
14,678
15,261
15,736
15,363
588
200,143
216,094
220,835
Restricted
Restricted Unrestricted
2021
2020
Blackheath
Wonersh
Wonersh
Total
Total
£
£
£
£
£
350
581
10,020
10,951
16,453
200
-
3,390
3,590
5,723
946
3,490
4,436
6,992
8,040
99,779
107,819
107,819
2,579
29,131
31,710
34,590
3,946
525
74,356
78,827
52,871
1,381
23,128
24,509
23,938
12,027
12,027
10,157
4,500
4,500
-
17,442
5,606
255,321
278,369
258,543
(2,079)
(5,018)
(55,178)
(62,275)
(37,708)
2,763
40,000
42,763
85,943
684
(5,018)
(15,178)
(19,512)
48,235
38,942
372,069
705,560
1,116,571
1,068,336
39,626
367,051
690,382
1,097,059
1,116,571

All income and expenditure derive from continuing activities.

Page 9

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL BALANCE SHEET AND STATEMENT OF FUNDS AS AT 31 DECEMBER 2022

Note
FIXED ASSETS
Tangible Assets
4
Investments
16
CURRENT ASSETS
Debtors and prepayments
18
Tax Recoverable
CBF Church of England short term deposits
Cash at Bank
LIABILITIES FALLING DUE WITHIN ONE YEAR
Creditors and accruals
19
NET CURRENT ASSETS
NET ASSETS
FUNDS
Note
Restricted
Blackheath
1
Cemetery Extension B Cook
2
Hardship Fund
3
Lawnsmead Capital
4
Youth Fund
5
Note
Unrestricted
Marie Peters Legacy(designated fund,
includes revaluation reserve)
6
Rosemary Wedgewood Legacy
7
Audio Visual Fund
8
Fabric Maintenance
9
Outward Giving
10
General
page 14
TOTAL FUNDS		 2022
2021
£
£
350,000
350,000
559,672
562,284
909,672
912,284
18,649
7,876
19,494
5,958
174,287
175,909
93,568
17,272
305,998
207,015
37,898
22,240
268,100
184,775
1,177,772
1,097,059
2022
2021
£
£
33,624
39,626
7,782
7,060
4,349
4,999
350,000
350,000
45,171
4,986
440,926
406,671
2022
2021
£
£
543,740
543,740
30,403
30,008
50,938
-
17,000
3,000
125
124
94,640
113,516
736,846
690,388
1,177,772
1,097,059

REVD. DAVID PETERS Chairman 19 April 2023

NICHOLAS GRAY FCA Joint Honorary Treasurer 19 April 2023

Page 10

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2022

GENERAL INFORMATION AND BASIS OF PREPARATION

Wonersh with Blackheath Parochial Church Council is a body established by the Church of England, by Act of Parliament. The correspondence address is given in the trustees report. The PCC is a public benefit entity as defined by FRS 102, and thesefinancial statements contain information about thecharity as an individual body. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing theindividual accounts of PCCs, and with the Regulations''true and fair view' provisions, together with FRS102 (2019) as the applicable accounting standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)).

The financial statements have been prepared under the historical cost convention modified to include certain items at fair value. The financial statements have been prepared on a going concern basis as the trustees have assessed the going concern position and haveno reason to believethat thereare any material uncertainties that would affect the ability of the PCC to continue as a going concern for the foreseeable future.

Thefinancial statements arepresented in sterling, which is thefunctional currency ofthe charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Funds

General funds represent the funds of thePCC that are not subject to any restrictions regarding their use and are available for application on thegeneral purposes of thePCC. Designated funds compriseunrestricted funds that have been set aside by the trustees for particular purposes. Theaim and use ofeach designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost ofraising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

The accounts include all transactions, assets and liabilities for which the PCC is responsiblein law. They do not includetheaccounts ofchurch groups that owetheir main affiliation to another body or thosethat areinformal gatherings of church members.

INCOME RECOGNITION

Voluntary income and capital sources

Collections arerecognised when received by, or on behalf of, the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the incomeis recognised. For donations to be recognised, the charity will have been notified of the amounts and the settlement date in writing. There are no donated facilities or donated professional services. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102), but is described in the trustees’ report.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. Grants to the PCC are accounted for as soon as the PCC is notified ofits legal entitlement, theamount dueis quantifiableand its ultimate receipt by thePCC is reasonably certain.

Page 11

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued FOR THE YEAR ENDED 31 DECEMBER 2022

INCOME RECOGNITION continued

Other income

Rental income from the letting of church premises is recognised when the rental is due. Investment income is included in the financial statements when receivable.

Investment gains and losses

This includes any gain or loss on thesaleofinvestments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE RECOGNITION

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to thecategory. Expenditure is recognised wherethere is a legal or constructiveobligation to make payments to third parties, it is probable that the settlement will be required and the amount of theobligation can be measured reliably. Expenditure is categorised in line with the layout set out in the ‘PCC Accountability’ guidance on accounts, reports and scrutiny – this is shown as follows:

Governance costs such as the cost of PCC meetings and Independent Examination costs are set against general funds on page 14.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Grants payable to third parties are within the charitable objectives.

Activities directly relating to the work of the church

Thediocesan parish shareis accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011.

FIXED ASSETS

Land and buildings

Per Church Accounting Regulations, and SORP (FRS 102), land and buildings can beleft at cost or revalued to fair or market value. Details of all properties are given in note 4 below.

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year-end and any resultant loss identified is included in expenditure for the year.

Consecrated property and moveable church furnishings

Consecrated and beneficed property ofany kind is excluded from theaccounts in linewith s10(2) of theCharities Act 2011, where the assets should not be included in the accounts but may be referred to in the notes. Costs associated with the maintenance or improvement of such assets will be taken directly to the Statement of Financial Activities in the year in which they are incurred. Details of all such properties are given in note 4 below.

Page 12

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued FOR THE YEAR ENDED 31 DECEMBER 2022

FIXED ASSETS - Consecrated property and moveable church furnishings, continued

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which requirea faculty for disposal, are accounted for as inalienable property unless consecrated. They arelisted in the church’s inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 subject to expenditure levels set out in the following paragraph will be capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straightline basis.

All expenditure incurred on consecrated or beneficed buildings whereindividual items cost under £1,000 or on the repair of moveable church furnishings acquired before 1 January 2000 is not capitalised.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over 3 or 4 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investment property

investment property is measured initially at cost and subsequently at fair (or market) value at the reporting date. Investment property is not depreciated.

Investments

Investments quoted on a recognised stock exchangeor whosevaluederives from them (CIFs etc) arevalued at fair value at year end.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and cash deposits with financial institutions that are readily convertible to known amounts of cash with an insignificant risk of change in value.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price.

Provisions

Provisions arerecognised when thecharity has an obligation at the balancesheet dateas a result ofa past event, it is probablethat an outflow ofeconomic benefits will berequired in settlement and the amount can bereliably estimated.

Pensions

Details of the pension accounting policy is set out in note 15.

Page 13

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES – WONERSH GENERAL FUND ONLY FOR THE YEAR ENDED 31 DECEMBER 2022

INCOME
PGS Giving
Other Gift Aided Donations
Tax Recoverable on Gift Aid
Interest received - CBF General Fund
Selwyn Room hire
Collections, donations, legacies and grants
Magazine Advertising
Net clerical fees retained by PCC
Chatterbox donations
 includes a donation of £300 for garden upkeep that will be spent in 2023
Less:
10% Appropriation to Outward Giving
Other income
Springfield rental income
Bank charges and service fees
Other Church activities
Lawnsmead Hall
Independent Examiner Fees & professional fees
Donations
Courses and subscriptions
Springfield utilities and maintenance
General Fund balance 31 December
Net income for the year
EXPENDITURE
The Parish Share net of Blackheath contribution -£8,285
(2021 £8,040)
The Ministry
The Church and services
General Fund balance 1 January**		 Note
10
11
12
13
14
20		 2022
2021
£
£
80,027
84,077
35,387
41,561
28,509
30,702
23,330
18,741
167,253
175,081
(16,956)
(16,897)
150,297
158,184
1,645
62
246
96
2,479
1,439
1,958
5,490
436
-
2,886
895
15,000
14,600
174,947
180,766
98,746
99,779
26,353
29,131
36,214
26,356
10,603
6,982
2,162
10,086
336
581
1,155
90
5,642
4,108
12,513
9,716
99
128
193,823
186,957
(18,876)
(6,191)
113,516
119,707
94,640
113,516

** fees payable to the PCC's examiner for theexamination ofthe financial statements amounted to £1,440 (2021 £1,300) and for other services £nil (2021 £464). Details ofpayments to CharlieWakefield (professional fees) in the prior year are disclosed in note 15.

Page 14

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH FOR THE YEAR ENDED 31 DECEMBER 2022

1. BLACKHEATH

The Blackheath District Church Council funds of £33,624 (2021 £39,626) are restricted funds within the combined accounts and the movements are outlined in the Statement of Financial Activities set out on pages 8 and 9.

2. CEMETERY EXTENSION - BEATRICE COOK FUND (RESTRICTED)

2. CEMETERY EXTENSION - BEATRICE COOK FUND (RESTRICTED)
Income - Deposit account interest
Donation
Expenditure - Cemetery extension
Balance 1 January
Balance 31 December		 2022
2021
£
£
7,060
11,553
170
7
1,000
-
(448)
(4,500)
7,782
7,060

This fund is to be used for the purpose of improving and extending the cemetery.

3. HARDSHIP FUND (RESTRICTED)

3. HARDSHIP FUND (RESTRICTED)
Expenditure
Balance 31 December
Balance 1 January		 2022
2021
£
£
4,999
4,999
(650)
-
4,349
4,999

This fund is to beused for the purposeof assisting those in need offinancial help. An amount of £650 (2021 £nil) was made to a PCC member.

4. LAWNSMEAD CAPITAL FUND (RESTRICTED) AND TANGIBLE FIXED ASSETS

Lawnsmead Hall - at value in use (restricted) *
Depreciation for the year
Net book value of equipment at 31 December (unrestricted)
Net Book Value 1 January
Balance 31 December		 2022
2021
£
£
-
1,052
-
(1,052)
-
-
350,000
350,000
350,000
350,000

The Cemetery Chapel is held on behalf of the Parish but no value is attributed to it in these accounts. Based upon independent advice this building has an insurance valuation of £100,000 to cover rebuilding.

No values havebeen attributed to theWonersh Church building or thechurchyard ( the church of St John the Baptist, Wonersh ), the cemetery at Blackheath nor the Blackheath Church building ( St Martin’s ) in accordance with the Charities Act 2011 s10(2) [consecrated and benefice property] and the guidance given in the Church Accounting Regulations.

Page 15

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

5. YOUTH FUND (RESTRICTED)

5. YOUTH FUND (RESTRICTED)
Balance 1 January
Expenditure - books and materials for youth group activities
Legacy
Balance 31 December		 2022
2021
£
£
4,986
5,511
(1,857)
(525)
42,042
-
45,171
4,986

This fund is to be used for the purpose of supporting youth and children's activities.

6. MARIE PETERS LEGACY (UNRESTRICTED DESIGNATED)

Balance 1 January
Net gain on investment (note 16)
Balance 31 December		 2022
2021
£
£
543,740
503,740
-
40,000
543,740
543,740

This fund is unrestricted but was designated by thePCC to beused for thepurchase ofa property (Springfield, seenote 16) in thevillage to house a church youth worker. Theproperty was let to a third party in 2019 on a temporary basis which arrangement continued throughout 2022. The PCC reclassified it as an investment property in 2020 and it is included at its fair value at the year end.

7. ROSEMARY WEDGWOOD LEGACY (UNRESTRICTED DESIGNATED)

Balance 1 January
Balance 31 December
Deposit account interest		 2022
2021
£
£
30,008
29,992
395
16
30,403
30,008

This fund is unrestricted but has been separately designated by the PCC. The purpose of the remaining balance is yet to be defined by the PCC.

8. AUDIO VISUAL FUND (UNRESTRICTED DESIGNATED)

Donations received
Tax refundable for gift aid
10% Appropriation to Outward Giving
Balance 31 December
Balance 1 January		 2022
2021
£
£
-
-
47,390
-
9,208
-
(5,660)
-
50,938
-

Anew AV system has been contracted for after a fund raising exercisein Q4 2022. It is anticipated to cost £43,600 and a deposit of£9,158 is reflected in Sundry debtors at year end. Someadditional amounts have been pledged, but will be recognised if and when received.

Page 16

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

9. FABRIC MAINTENANCE FUNDS (UNRESTRICTED DESIGNATED)

Balance from 1 January 2022
Expenditure
Balance as 31 December 2022
Electrical testing & Remediation
Church Signage
Replacement Oven & Safety improvements
External painting
Patio maintenance
Total
Expenditure
Rainwater Goods repair
Income allocation from General Fund
Fire extinguishers & Servicing		 Church
Vicarage
Lawnsmead Springfield
Total
£
£
£
£
£
1,000
500
1,000
500
3,000
15,543
932
12,338
2,080
30,893
16,543
1,432
13,338
2,580
33,893
(6,543)
(432)
(8,338)
(1,580)
(16,893)
10,000
1,000
5,000
1,000
17,000
817
432
330
-
1,580
3,009
-
1,849
-
4,858
-
-
4,284
-
4,284
2,286
-
-
-
2,286
-
-
1,875
-
1,875
-
-
-
1,580
1,580
431
-
-
-
431
6,543
432
8,338
1,580
16,893

This fund is unrestricted and is designated by the PCC to be used for the upkeep and maintenance of the church buildings. The PCC anticipates the need for ongoing repair and maintenance and on an annual basis approves a transfer from general funds to fund ongoing maintenance costs.

** Note 13 Repairs and Maintenance includes an insurance recovery of £4,434 (2021 £nil) in respect of the Oven.

PRIOR YEAR FABRIC MAINTENANCE FUNDS

Balance from 1 January 2021
Expenditure
_Balance as 31 December 2021
_Income allocation from General Fund
Expenditure
Church Lighting
Total
Vestry improvements
Boiler Replacement
Lawnsmead External Works
Vicarage Decoration		 Church
Vicarage
Lawnsmead Springfield
Total
£
£
£
£
£
49,000
-
3,000
-
52,000
10,458
6,571
3,433
500
20,962
59,458
6,571
6,433
500
72,962
(58,458)
(6,071)
(5,433)
-
(69,962)
1,000
500
1,000
500
3,000
15,636
15,636
17,032
17,032
25,790
25,790
5,433
5,433
6,071
6,071
58,458
6,071
5,433
-
69,962

* see notes 12, 14 and 13 respectively together with Page 14 for Springfield movements.

10. OUTWARD GIVING

10. OUTWARD GIVING
General Church
Junior Church		 2022
2021
£
£
27
26
98
98
125
124

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WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

10. OUTWARD GIVING, continued

Special Collections
Tearfund (Pakistan floods / Harvest Festival appeal)
Children's Society
Missionary societies and other Overseas:
Compassion - Child sponsorship
Home Mission:
Wonersh & Shamley Green School (COVID appeal)
North Guildford Food Bank
Balance 31 December
Distributions: Special Collections (page 18)
Balance 31 Dec
Junior Church
Balance 1 Jan
Outward Giving (page 19)
Additional donation from General Fund
Income: Appropriation from Audio Visual Fund
General Church
Balance 1 Jan
Income: Appropriation from General Fund
Special Collections		 26
29
16,956
16,897
5,660
-
336
94
581
(22,615)
(16,900)
(430)
(581)
27
26
98
98
98
98
50
441
336

140
386
581
-
-
22
-
22
-
44
-
430
581
2021
2022*		 26
29
16,956
16,897
5,660
-
336
94
581
(22,615)
(16,900)
(430)
(581)
27
26
98
98
98
98
50
441
336

140
386
581
-
-
22
-
22
-
44
-
430
581
2021
2022*		 26
29
16,956
16,897
5,660
-
336
94
581
(22,615)
(16,900)
(430)
(581)
27
26
98
98
98
98
50
441
336

140
386
581
-
-
22
-
22
-
44
-
430
581
2021
2022*		 26
29
16,956
16,897
5,660
-
336
94
581
(22,615)
(16,900)
(430)
(581)
27
26
98
98
98
98
50
441
336

140
386
581
-
-
22
-
22
-
44
-
430
581
2021
2022*
-
22
22		 -
-
-
430 581

Special Collections are funds collected by the charity to bepaid out, or passed on, to another charity – usually these funds do not pass through the PCC bank accounts. The figure of £94 (2021 £581) is included in the Statement of Financial Activities on page8 and 9 (as income and expenditure) but is not included in the Wonersh General Fund on page 14.

Outward Giving
Missionary Societies and other Overseas:
Ukrainian support
Ema and Viorel Tulpan (Golgotha Church)
Bible Society
Viva
Home Mission:
Wonersh & Shamley Green School
Wonersh Church Green Trust
Guildford Bell Ringers
Charlotte Richards (World Horizons)
Tear Fund		 1,075
695
2,890
2,890
275
2,890
10,715
5,150
350
150
5,650
2022		 1,075
-
2,890
2,890
275
2,890
10,020
2,890
350
150
3,390
2021

Page 18

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

10. OUTWARD GIVING, continued

North Guildford Food Bank
Footsteps
YMCA
Age Concern
WonCare
Secular Charities:
Four Villages Day Centre		 300
2,890
2,260
500
100
200		 300
2,890
-
-
100
200
6,250
22,615		 3,490
16,900

The donations above are all paid to institutions. At the year end, a provision of 10% is made (see page 14). The allocation ofthis provision is proposed by theMissionary Committeeand approval is madeby thePCC. Theintention of the PCC is for funds to be paid to the donees in the first half of the next financial year. Thereare no performance related conditions attached to theseprovisions. Theprovision madeat 31 December 2022 of £22,615 is included in creditors per note 19 (2021 £16,900). At 31 December 2022, an amount of £2,890 (2021 - £nil) for mission giving awarded in prior years has not yet been paid out and is carried forward in creditors.

11. THE MINISTRY

Secretarial and administration salaries
note 15
Youth work salary and employment costs
note 15
Youth work pension costs
note 15
Youth group activities
Photocopying, website, stationery and telephone
UNRESTRICTED WONERSH
Wonersh Total
Blackheath contribution to expenses
Working expenses		 2022
2021
£
£
1,718
909
11,161
15,206
12,199
10,331
-
990
-
927
3,822
3,347
28,900
31,710
(2,547)
(2,579)
26,353
29,131

12. THE CHURCH AND SERVICES

Repairs, maintenance and equipment
Transfer from fabric fund
note 9
Top up Church fabric maintenance provision
note 9
Upkeep of services
Music and organ
Cemetery upkeep
Churchyard upkeep *
Heat, light and water
Insurance
Church cleaning		 2022
2021
£
£
2,931
3,461
3,050
2,948
10,760
60,117
(6,543)
(58,458)
15,543
10,458
1,840
1,444
532
372
2,639
2,543
3,907
3,174
1,555
297
36,214
26,356

Page 19

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

13. LAWNSMEAD HALL

note 9
note 9
14. OTHER CHURCH ACTIVITIES
note 4
note 9
note 9
Blackhealth contribution to expenses
Wonersh contribution to expenses
Vicarage expenses*
Transfer from fabric fund for vicarage expenditure
Social activities (incl vicar leaving party)
Sustainabiity
Total Expense
Top up Vicarage fabric maintenance provision
Outreach and evangelism
Homegroups and Senior Citizens
Net Cost
Parish magazine costs
Depreciation - equipment
Sundry expenses
Insurance
Cleaning
Repairs and maintenance
Transfer from fabric fund
Top up Lawnsmead fabric maintenance provision
Total expense
Total Income
Expense
Heat, light, water & telephone
Income
Letting		 2022
2021
£
£
4,190
3,045
4,190
3,045
2,932
2,394
1,526
1,474
725
1,108
5,610
7,051
(8,338)
(5,433)
12,338
3,433
14,793
10,027
(10,603)
(6,982)
2022
2021
£
£
4,340
1,237
-
1,052
215
748
5,990
7,118
(432)
(6,071)
932
6,571
28
184
2,608
-
-
48
-
210
13,681
11,097
(1,168)
(1,381)
12,513
9,716

*There are donations of £600 (2021- £6,100) included within other Gift aided Donations on page 14, that were specifically made to contribute towards the Vicarage expenses.

Sundry expenses include £nil (2021 £619) for welcome / thank you gifts to the Vicar and other members of the PCC.

15. STAFF COSTS

Other salaries and national insurance
Totals
Youth Director's salary and national insurance
Pension contributions		 2022
2021
£
£
12,199
14,941
366
990
10,795
10,596
23,360
26,527

Page 20

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

15. STAFF COSTS, continued

During the year the PCC employed a ‘children and young families Youth Director’ (from January to June 2022), followed by an intern (from September to December 2022) and a church secretary until June followed by a new church secretary in August. All social security costs were covered by theEmployment Allowance. The averagenumber of staff employed during the year was 3 (2021 - 3). There are no employees who received total emoluments ofmore than £60,000. Expenses werereimbursed to 5 (2021 – 7) PCC members (trustees) in the year, totalling £10,477 (2021 £5,975). All expenses related to the running of the church. During the year the PCC collected monies from the congregation for a leaving gift for Kia Pakenham amounting to £905.

Total trustee and key management personnel remuneration benefits were £nil (2021 £7,780 payable to a previous Treasurer) –key management personnel areconsidered to betheofficers and elected members ofthe PCC, as listed on the first page of the trustees report. Donations received from Trustees in the year amounted to £36,622 (2021 £38,909), as a combination of regular giving, one-off giving and Special Collections/Special Giving Appeals.

NOTES ON CHURCH WORKERS PENSION FUND (CWPF) – December 2021 Year End

Wonersh with Blackheath PCC participates in thePension Builder Schemesection ofCWPF for lay staff. The Schemeis administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

ThePension Builder Schemeof theChurch Workers Pension Fund is madeup oftwo sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes: Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment, based on terms set and reviewed by theChurch of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. Thebonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. Theaccount, plus any bonuses declared, is payable from members' Normal Pension Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

Theschemeis considered to bea multi-employer schemeas described in Section 28 ofFRS 102. This is becauseit is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers, and means that contributions areaccounted for as if theScheme werea defined contribution scheme. The pensions costs charged to the SOFA in the year are contributions payable and amounted to £366 (2021 £990).

A full actuarial valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2019. For the Pension Builder Classic (‘PB Classic’) section, the valuation revealed a deficit of£4.8m on theongoing assumptions used, and a recovery plan was prepared. The deficit in thePB Classic will berecovered through holding back discretionary bonuses until such time as the deficit is removed, which is expected to be within five years. For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. The legal structure of the scheme is such that if another employer fails, Wonersh with Blackheath PCC could become responsible for paying a share of that employer’s pension liabilities. An annual actuarial report was received in November 2022 relating to 2021 –this indicated that thecurrent position in thePB Classic section is positive and was in a surplus position. For the Pension Builder 2014 section, theposition was also positive.

The next full actuarial valuation is due at 31 December 2022, but as at the date of preparing the accounts this valuation had not been received.

Page 21

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

16. FIXED ASSET INVESTMENTS

Total Market value 31 December
Listed Investments:
Market value at 1 January
Additions
Net (losses)/gains
Market value at 31 December
Investment Properties*
Market value at 1 January
Net gains
Market value at 31 December		 2022
2021
£
£
22,284
19,521
-
-
(2,612)
2,763
19,672
22,284
540,000
500,000
-
40,000
540,000
540,000
559,672
562,284

Listed investments areall with the Central Board ofFinance ofthe Church of England Investment Account,relating to Blackheath DCC Income Endowment fund – fair value at 31 December 2022 was £19,672 (2021 - £22,284).

A freehold residential property ‘Springfield’ was purchased in September 2014 (seenote 6) to housea church youth worker –theproperty was previously included in theaccounts as a freehold property and was included at its historic cost. This asset is included within theMarie Peters Fund. Since2020, theproperty has been let continuously to third parties and was reclassified in an earlier year as an investment property. The PCC asked Seymours Estate Agents in December 2022 to supply a marketing value and the property was visited by an agent and a value of £540k (2021 - £540k) was supplied. Seymours is based in the locale and therefore has experience in the location and the type of property being valued.

Springfield is let under an Assured Shorthold Tenancy Agreement. This reflects a monthly rental of £1,250 and is due to expire on 15 November 2023.

17. OPERATING LEASES - LESSOR

Thetotal futureminimum leasepayments under non-cancellableoperating leases, for each of thefollowing periods, is as follows and all relate to land and buildings:

as follows and all relate to land and buildings:
Later than five years
Not later than one year
later than one year and not later than five years		 2022
2021
£
£
13,125
15,000
-
13,125
-
-
13,125
28,125

18. DEBTORS AND PREPAYMENTS

Debtors and Prepayments
PAYE refund
Deposit for AV System		 2022
2021
£
£
9,491
3,543
-
4,333
9,158
-
18,649
7,876

Page 22

WONERSH WITH BLACKHEATH PAROCHIAL CHURCH COUNCIL NOTES TO ACCOUNTS – WONERSH, continued FOR THE YEAR ENDED 31 DECEMBER 2022

19. CREDITORS

Accruals
Outward giving		 2022
2021
£
£
25,596
16,900
12,302
5,340
37,898
22,240

Accruals include deferred income of £35 (2021 £240) relating to Lawnsmead bookings.

20. WONERSH FUND RECONCILIATION

page 14
note 7
Audio Visual Fund movement
note 8
note 9
note 9
note 9
note 9
Fabric maintenance fund movement (Lawnsmead)
Interest rec'd Rosemary Wedgewood legacy fund
Fabric maintenance fund movement (Springfield)
Net income/(expenditure) - Wonersh general fund
Fabric maintenance fund movement (church)
Fabric maintenace fund movement (vicarage)
Rounding		 2022
2021
£
£
(18,876)
(6,191)
395
16
50,938
-
9,000
(48,000)
500
500
4,000
(2,000)
500
500
1
(3)
46,458
(55,178)

TheWonersh General Fund as shown on page14 does not includeany restricted or designated fund movements. This note shows a reconciliation between the Wonersh General Fund and the Wonersh unrestricted column as shown in the Statement of Financial Activities as shown on page 8.

21. ANALYSIS OF NET ASSETS BY FUND

As at 31 December 2021
Current assets
Current liabilities
As at 31 December 2022
Tangible fixed assets
Investment fixed assets
Tangible fixed assets
Investment fixed assets
Current assets
Current liabilities		 Unrestricted Restricted
Total
£
£
£
-
350,000
350,000
540,000
19,672
559,672
233,809
72,189
305,998
(36,963)
(935)
(37,898)
736,846
440,926
1,177,772
Unrestricted Restricted
Total
£
£
£
-
350,000
350,000
540,000
22,284
562,284
172,518
34,497
207,015
(22,130)
(110)
(22,240)
690,388
406,671
1,097,059

22. RELATED PARTY TRANSACTIONS

There are no related party transactions other than those disclosed in note 15.

Page 23